MLS® listing
177 Carlton Street: multiplex for sale
$2,499,000
From the listing brokerage
An exceptional investment opportunity awaits with this legal non conforming 11-unit multiplex located in the highly desirable Cabbagetown neighbourhood. Zoned for mixed residential and commercial use, this well-maintained property offers flexibility and strong long-term income potential. All 11 units are fully self-contained, and individually metered, providing efficient management and consistent cash flow. The building features a desirable unit mix of eight bachelor suites with unique half-story loft-style sleeping areas and three spacious one-bedroom apartments, appealing to a broad tenant base. Investors have the option to operate the property in its current, stabilized condition or pursue strategic improvements to unlock maximum annual rental income. Significant capital upgrades have already been completed, ensuring peace of mind and reduced future expenses. Improvements include a new roof (2010), furnace (2010), two 50-gallon hot water tanks (2010), updated windows (2010), and upgraded electrical wiring completed in phases (2012 and 2023). With its prime location, legal status, and strong fundamentals, this property represents a compelling opportunity for both seasoned and first-time investors.
Facts on the listing
| Square feet | 2500-3000 |
|---|---|
| Style | 3-Storey |
| Basement | Finished |
| Lot width | 20.5 |
| Lot depth | 130 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 2 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Window Unit(s) |
| Kitchens | 11 |
| Rooms | 11 |
| Property tax | $13,200 |
| Tax year | 2026 |
| Parking | Lane |
| Interior features | Other |
Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS® C13435706.
About this multiplex
177 Carlton Street is an 11 bedroom multiplex in TRREB's Moss Park community in Toronto, listed for sale at $2,499,000. The listing shows 11 bathrooms and 2500-3000 square feet. The style is given as 3-storey. The lot is listed as 20.5 by 130 feet. The listing gives the basement as finished. It comes with 2 parking spaces according to the listing. The nearest main intersection given is Carlton St & Sherbourne St.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 177 Carlton Street
At the asking price of $2,499,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,499,000 |
|---|---|
| Ontario land transfer tax | $48,950 |
| Toronto municipal land transfer tax | $48,950 |
| Both taxes | $97,900 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $499,800 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $13,200 a year, about $1,100 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 20.5 by 130 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 11 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 177 Carlton Street
How much is land transfer tax on 177 Carlton Street?
At the asking price of $2,499,000 the Ontario tax is $48,950 and the Toronto tax is $48,950, $97,900 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 177 Carlton Street?
$499,800 at the asking price of $2,499,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 177 Carlton Street?
The listing shows $13,200 a year for 2026, about $1,100 a month.
How do I book a showing for 177 Carlton Street?
Use the form on this page or call us. Quote MLS® C13435706. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 177 Carlton Street still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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